$SGTM In addition to SGTM’s recent $46.8 milli
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Posted On: 05/30/2023 10:56:35 AM
$SGTM In addition to SGTM’s recent $46.8 million HumiSoil® Purcahse Order from VRM Biologik Middle East and Africa, the Company entered into a Purchase Agreement with New Earth Technologies Pte Ltd. which allows SGTM to obtain additional catalyst ingredients to manufacture HumiSoil® and other related products, enough to produce an additional 4 million cubic yards. Further, SGTM entered into an Agreement Amendment and Share Issuance amending the Agreement between VRM and the Company, dated August 9, 2022, pertaining to a Restricted Sub-License Agreement. VRM has extended its U.S. footprint by an investment into SGTM. VRM acquired a further 7,000,000 shares of common stock in SGTM as part of a comprehensive program to build production capacity for its core soil health technologies.
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